The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $35,000 9.600 65000 34.000 18,200 33,500 Inventories Raw materials Work in process Einished goods Activities and information for May Raw materials purchase paid with can Factory payroll (paid with canh) Factory overhead Indirect materiais Indirect labor other overhead cost Sale (received in canh) Predetermined overhead rate based on direct labor coat 136,000 150,000 8,000 34,500 95.000 1.900,000 554 Compute the following amounts for the month of May using Taccounts: 1. Cost of direct materials used. 2. Cost of direct labor used. 3. Cost of goods manufactured 4. Cost of goods sold" 5. Gross profit Compute the following amounts for the month of May using T-accounts. 1. Cost of direct materials used. 2 Cost of direct labor used. 3. Cost of goods manufactured 4. Cost of goods sold." 5. Gross profit 6. Overapplied or underapplied overhead Do not consider any underapplied or overapplied overhead. April 30 RM purchases Raw Materials (RM) 35,000 176.000 8,000 indirect materials 169,000 OM used 34.000 April 30 DM used OL used Overhead applied Work in Process (WIP) 9,600 169,000 115,500 63,525 357.625 Cost May 31 May 31